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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2014

Earnings Per Share

Computation of basic and diluted earnings per share

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
		(in millions, except share and per share amounts)
Numerator:
Net income attributable to Reliance		$	95.5		$	95.1		$	279.2		$	259.8
Denominator:
Denominator for basic earnings per share:
Weighted average shares		77,945,375			77,049,998			77,730,965			76,683,659
Effect of dilutive securities:
Stock options, restricted stock, and RSUs		938,806			807,508			943,894			788,207
Denominator for dilutive earnings per share:
Adjusted weighted average shares and assumed conversions		78,884,181			77,857,506			78,674,859			77,471,866
Net income per share attributable to Reliance shareholders – diluted		$	1.21		$	1.22		$	3.55		$	3.35
Net income per share attributable to Reliance shareholders – basic		$	1.23		$	1.23		$	3.59		$	3.39

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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